FinTech has transformed the way financial services operate on a daily basis. It has enabled a new ecosystem, laying the foundation for innovation and collaboration to emerge. From Chatbots to AI-enables analytics to Big Tech to APIs – the impact of FinTech is powerful and far-reaching.
What is FinTech?
Financial technology (FinTech) refers to the growing intersection of technology and financial services. It is largely integrated in the business offerings of startups, tech companies and banks.
While London continues to be known as the FinTech center, regional centers, such as Manchester, Scotland and Wales are emerging as FinTech hotspots as well.
How FinTech Is Changing Businesses
FinTech massively improves speed and accessibility for businesses and consumers across all industries. Businesses are able to utilize big data computing, mobile connectivity, and faster connections over the internet. They are able to boost their marketing efforts by having access to information that contains unparalleled business insights and real-time updates.
Moreover, businesses are now able to buy in to complex, feature-rich financial software suites and managed services that would have cost millions of dollars in setup fees for equipment, program licenses, and trained technicians a decade ago, not to mention a whole IT team to manage the solution.
What Does the Future of FinTech Look Like?
Find out at the FinTech 2021 – Virtual Hackathon on 9th-11th April 2021. This event will see industry experts, finance professionals, data scientists, project managers, designers, cloud experts, product engineers who will come together to create the future of Fintech. If you’d like to be a part of this experience, register today as spaces are limited.